Es tu Atlanta?

Housing is kicking ass in the Atlanta area. There was no housing bubble in Atlanta, therefore there will be no housing crash. Now is a great time to buy. Housing never goes down. Renting is throwing money down the drain.

If that's the case someone please explain to me why a house in the neighborhood I'm renting just lowered the price from $599,000 to $500,000. You'd think in a non-crashing market like Atlanta, homes would be selling like hotcakes, not dropping the asking price by 17%. How would you like to be the sucker who paid $599,000? But, but, but real estate never goes down.

Just a fluke you might say.

Maybe. Except this one was lowered 22%.

And this one is down 21%

Down 20%

And for any of you who drive on the interstates around Atlanta, have you noticed something different on the GMAC Realty billboards? Those billboards used to say how many homes were for sale. That number kept going up and was around 110,000 a couple of weeks ago. Then one day, poof the number was gone. In it's place pathetic messages like "MOVE NOW" or "BUY SOMETHING".

It might as well say "WE ARE DESPERATE. WE ARE MAKING NO SALES AND STARVING. HELP UP FOR THE LOVE OF GOD AND BUY SOMETHING, ANYTHING. NEVER MIND THAT YOU WILL LOSE MONEY IF YOU BUY NOW, JUST BUY"